BRICS nations are quietly reshaping the global financial landscape by strengthening their grip on gold reserves and reducing long-term dependence on the US dollar. While official data shows BRICS members holding around 20% of global gold reserves, the bloc and its closely aligned partners now account for nearly 50% of…
Tag: #GlobalEconomy
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RBI Steps In to Support Rupee as Bonds Track Policy Moves
The Indian rupee is expected to remain supported in the near term after strong intervention by the Reserve Bank of India (RBI), even as bond markets closely monitor the central bank’s liquidity actions and offshore investment flows. The coordinated moves by the RBI have helped arrest a sharp depreciation trend…
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India, Canada to Fast-Track CEPA Talks for Trade Boost
Speaking at the Indo-Canadian Business Chamber in New Delhi, Commerce and Industry Minister Shri Piyush Goyal said India and Canada will fast-track negotiations for a high-ambition Comprehensive Economic Partnership Agreement (CEPA). He identified critical minerals, mineral processing, clean energy, AI and supply-chain diversification as priority areas for collaboration to boost…
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Gold’s Appeal Grows with Fed Rate Cut Hopes and Dollar Softness
Gold prices edged higher on Friday, supported by a softer U.S. dollar and rising market expectations that the Federal Reserve will cut interest rates again before the year ends. The move reinforced gold’s traditional status as a safe-haven asset amid economic uncertainty. At 13:15 GMT, spot gold climbed 0.5% to…
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IMF: India to Grow 6.6% in 2025 Amid Global Tariff Shock
The International Monetary Fund’s October 2025 World Economic Outlook (WEO) has raised India’s growth forecast for 2025 to 6.6%, even as higher U.S. tariffs slow global trade and compress world growth to an estimated 3.2% in 2025. The IMF credits India’s strong private consumption, resilient services sector and stable policy…
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China’s Rare Earth Export Cuts Escalate US Trade Tensions
New Delhi, October 13 : China’s latest move to tighten export controls on rare earth materials has reignited trade tensions with the United States, prompting President Donald Trump to impose 100% tariffs on Chinese imports. The escalation underscores a renewed struggle for dominance over critical minerals that power the modern defence…
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Gold Prices Rebound Above $3,980 Amid Safe-Haven Demand
Gold prices recovered on Friday, bouncing back from earlier losses as investors sought the precious metal for its safe-haven appeal. Spot gold rose 0.3% to $3,987.65 per ounce, while December futures climbed 0.7% to $4,003.30/oz by 07:59 ET (11:59 GMT). The yellow metal remains on track for its eighth consecutive…
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BRICS Warns Against Tariffs, Backs India’s 2026 Chairship
The BRICS bloc has issued a strong warning against what it described as the “indiscriminate rise” of tariffs and protectionist trade measures, cautioning that such practices threaten to marginalize the Global South and weaken global economic stability. Meeting on the sidelines of the 80th United Nations General Assembly (UNGA) in…